The First Trust Vest Fund of Buffer ETFs (Canada) ETF seeks to provide unitholders with capital appreciation and exposure to U.S. large capitalization companies included in the SP 500 Index through investment in an equally weighted portfolio of First Trust Vest Funds (Initially, First Trust Vest U.S. Equity Buffer ETF - August, First Trust Vest U.S. Equity Buffer ETF - November, First Trust Vest U.S. Equity Buffer ETF - February and First Trust Vest U.S. Equity Buffer ETF - May) which are equity buffer ETFs.